Friday, October 03, 2008

BBC NEWS | Business | House backs $700bn bail-out plan

BBC NEWS | Business | House backs $700bn bail-out plan: "The US House of Representatives has voted by 263-171 in favour of a $700bn (�380bn) plan to rescue the US financial sector." So it's done. Dow fell 230 just as it was announced. Now what happens when in 3 months we find it didn't work. Will we put 2 trillion dollars out there? If anything's going to start GDII it's this chaos the government is causing. Re-distribution of wealth by the government does not cause growth, it will only hinder it. That's a conservative principle.

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